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Cost Definitions Wyandotte Company provided the following information for the last calendar year Beginning inventory: Direct materials $30,400 Work in process 47,200 Ending Inventory Direct
Cost Definitions Wyandotte Company provided the following information for the last calendar year Beginning inventory: Direct materials $30,400 Work in process 47,200 Ending Inventory Direct materials $16,000 Work in process 25,600 During the year, direct materials purchases amounted to $255,600, direct labor cost was $183,200, and overhead cost was $314,400. There were 40,000 units produced Required: 1. Calculate the total cost of direct materials used in production 2. Calculate the cost of goods manufactured Calculate the unit manufacturing cost. If required, round your answer to the nearest cent. per unit 3. Of the unit manufacturing cost calculated in Requirement 2, $6.75 is direct materials and $7.86 is overhead. If required, round intermediate calculations and your final answers to the nearest cent What is the prime cost per unit? During the year, direct materials purchases amounted to $255,600, direct labor cost was $183,200, and overhead cost was $314,400. There were 40,000 units produced Requiredt 1. Calculate the total cost of direct materials used in production 2. Calculate the cost of goods manufactured; Calculate the unit manufacturing cost. If required, round your answer to the nearest cent per unit 3. of the unit manufacturing cost calculated in Requirement 2, 56.75 la direct materials and $2.86 is overead. If required, round Intermediate clotions and your fra answers to the nearest cont What is the prime cost per unit? per unit What is the conversion cost per unit? (per und Previous Not)
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